Gokaldas Exports’ delivers sustainable performance in Q1 FY24

The company will continue to focus on strengthening customer relationships, optimal resource utilisation and drive operational excellence in the coming quarters.

Gokaldas Exports declared its financial results for the quarter ended June 30, 2023. The Company reported a consolidated revenue of Rs 522.2 crore for the quarter compared to Rs  612.7 crore in the same quarter last year and a consolidated net profit of Rs 32.6 crore compared to Rs 39.4 crore for the same quarter last year.

Commenting on the company’s first-quarter performance, Siva Ganapathi, Vice Chairman and Managing Director, Gokaldas Exports said, “Our performance endorses the belief in our ability to sustain continued operating performance gains in a sluggish macro-economic environment. While we continue to take measures focusing on customer relationships and service excellence, we are optimistic about revival of the business in H2 and are bullish on the long-term prospects of the company.”

The company will continue to focus on strengthening customer relationships, optimal resource utilisation and drive operational excellence in the coming quarters.

About Gokaldas Exports

Established in 1979, Gokaldas Exports has evolved to become a one-stop solution for some of the world’s most recognised apparel brands. With an annual turnover of $ 275 million, Gokaldas Exports is India’s largest manufacturer and exporter of apparels. Exporting to more than 50 countries, Gokaldas has 20+ production units, 15000+ advanced machines that produce 3.0 million garments in a month. The 29,000 employees of Gokaldas Exports work together to ensure Gokaldas Exports’ vision of being a globally reputed apparel manufacturer and exporter comes true with emphasis on innovation and sustainability.